Mutual Funds
Best & Worst Mutual Fund Schemes

The best three and the worst three schemes over the past three years, in different...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
AirAsia gets FIPB approval to start new airline

This would be the first entry of a foreign carrier in the domestic aviation sector after the liberalisation of FDI policy in September last year

The Foreign Investment Promotion Board (FIPB) on Wednesday cleared the investment proposal of Malaysian low fare carrier AirAsia, which seeks to enter India through a joint venture with Tata Group and another company.

 

“AirAsia’s proposal has been cleared. It is as per the policy (which allows) up to 49% FDI. Rs80 crore is initial investment,” a senior government official said.

 

AirAsia has applied to the FIPB to take 49% in a venture with Tata Sons and Arun Bhatia's Telestra Tradeplace Pvt Ltd.

 

The carrier will now have to approach the aviation regulator Directorate General of Civil Aviation (DGCA) for further clearances.

 

“AirAsia will now have to take necessary licence, etc. from DGCA,” the official added.

 

This would be the first entry of a foreign carrier in the domestic aviation sector after the liberalisation of FDI policy in September last year.

User

Insurance Trends

Insurance Trends takes a look at 24-hour intimation for hospitalisation, weight-loss...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)